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The White House on Monday morning revealed that President Donald Trump wants to do ‘whatever it takes’ to bring Russian President Vladimir Putin to the table for peace talks with Ukraine, including slapping Russia with additional sanctions.

White House deputy chief of staff James Blair joined ‘Fox & Friends’ to discuss the latest on the Trump administration’s effort to broker peace between Russia and Ukraine, including the frustration that Trump is having with both sides. 

‘Obviously, the president feels like we are making progress, but he’s been frustrated at both sides, which he’s made clear,’ Blair said. ‘He said over the weekend that the Ukrainians should have signed the deal with us weeks ago, and he wants them to hurry up and get that done. And Putin, [Trump] is very displeased with the attacks on civilian areas last week, and [Trump’s] put on the table increasing sanctions, secondary tariffs on oil, whatever it takes to make sure that they hurry up and get to the table and create peace.’

Russia launched a deadly missile attack on Kyiv that killed at least 12 people and injured at least 90, including children, on April 24.

When asked whether Trump was angry at the idea that Putin may be stringing him along, Blair pointed to a statement the president posted on his TRUTH Social platform on Saturday. 

‘Well, look, he put out a statement, I think, two days ago on his TRUTH [Social account], where he said he does not want to be tapped along, he won’t accept it.’ Blair said. ‘He’s displeased, again, with the attacks on civilian areas, and the president said it makes him feel like maybe he doesn’t want peace as badly as he says he does. And the president’s not going to stand for that. If that means increasing sanctions, he’s obviously put that on the table.’

Blair spoke to Fox News about one hour before the Kremlin announced a three-day ceasefire with Ukraine from May 8 to May 10 to mark the 80th anniversary of the Soviet Union’s victory over Nazi Germany during World War II. Kyiv did not immediately respond to the announcement.

Putin has previously said that he agrees in principle with a Russia-Ukraine ceasefire deal, though has so far refused to accept a complete unconditional ceasefire.

Trump

Over the weekend, U.S. Secretary of State Marco Rubio appeared to temper expectations for a major peace agreement between Ukraine and Russia, telling NBC’s ‘Meet the Press’ that while progress has been made, a deal is ‘still not there.’

Rubio’s Russian counterpart, Foreign Minister Sergei Lavrov, told CBS’ ‘Face the Nation’ in a pre-recorded interview that aired Sunday that Russia won’t discuss any potential negotiations in public, though emphasized that Russia is ‘always available for a dialogue.’

This post appeared first on FOX NEWS

Russian President Vladimir Putin on Monday declared a unilateral three-day ceasefire in Ukraine next month, a move met with skepticism by Ukrainian officials who demanded the Kremlin leader immediately accept a longer truce proposal from the United States that he has so far rejected.

Moscow said “all military actions” in Ukraine would be suspended from midnight May 8 to midnight May 11, a decision which it said was based on “humanitarian considerations.” The truce would coincide with Russia’s World War II Victory Day commemorations on May 9 and the 80th anniversary of the defeat of Nazi Germany.

Putin’s announcement – which was met with renewed urging from the White House for a “permanent ceasefire” – comes as the Trump administration ramps up pressure on Moscow and Kyiv to agree to a deal to end the war.

“While President Trump welcomes Vladimir Putin’s willingness to pause the conflict, the president has been very clear he wants a permanent ceasefire and to bring this conflict to a peaceful resolution,” US National Security Council Spokesman Brian Hughes said on Monday.

On Sunday, US Secretary of State Marco Rubio said this week would be “very critical” in determining whether the US would persist with its efforts to broker peace.

In early March, Ukrainian President Volodymyr Zelensky accepted a US-led proposal for a 30-day ceasefire, but Putin has repeatedly declined to follow suit.

Zelensky’s chief of staff Andriy Yermak thanked Trump on Monday for “supporting a full ceasefire,” writing in a post on X that “only a permanent, unconditional, and comprehensive ceasefire — not a temporary one, as Putin proposes — is necessary to end the war.”

“If Russia truly wants peace, it must cease fire immediately,” Ukrainian Foreign Minister Andrii Sybiha said in response to Monday’s announcement from the Kremlin. “Why wait until May 8th?”

“Ukraine is ready to support a lasting, durable, and full ceasefire. And this is what we are constantly proposing, for at least 30 days,” he added.

‘No ceasefire in reality’

The announcement came a little more than a week after the Kremlin proclaimed a 30-hour truce over Easter, which Kyiv cautiously agreed to. Ukraine’s military later accused Russia of violating that April 19 ceasefire with more than 2,900 attacks along the expansive frontlines. Moscow also accused Ukraine of repeatedly breaking that truce.

Senior Trump administration officials say the coming weeks will be a pivotal time in negotiating an end to the war, more than three years after Russia launched its full-scale invasion of Ukraine.

“We’re close, but we’re not close enough,” Rubio said on NBC’s “Meet the Press” on Sunday, following a phone call with Russia’s Foreign Minster Sergey Lavrov.

Moscow described a “productive exchange of views” between the two.

US President Donald Trump has voiced increasing frustration over the failed efforts to broker a peace agreement within his self-imposed target of the first 100 days of his presidency. On Sunday, Trump leveled pointed criticism at Putin in some of his most potent comments to date, urging his Russian counterpart to “stop shooting, sit down and sign a deal.”

“We have the confines of a deal, I believe, and I want him to sign it and be done with it and just go back to life,” Trump said.

Trump’s comments came after he returned to Washington following a trip to Pope Francis’ funeral at the Vatican on Saturday. He met Zelensky on the sidelines of the ceremony for a short talk that both sides described as productive.

“There were a lot of enemy drones and artillery continued to work without reducing the intensity,” Bankir reflected. “The Easter ceasefire showed that it was just public statements that were not confirmed in practice.”

This story has been updated with additional developments.

This post appeared first on cnn.com

Here’s a quick recap of the crypto landscape for Monday (April 28) as of 9:00 a.m. UTC.

Get the latest insights on Bitcoin, Ethereum and altcoins, along with a round-up of key cryptocurrency market news.

Bitcoin and Ethereum price update

Bitcoin (BTC) was priced at US$94,726.46 as markets opened for the day, up 0.6 percent in 24 hours. The day’s range has seen a low of US$92,953.34 and a high of US$95,490.92.

Bitcoin performance, April 28, 2025.

Bitcoin performance, April 28, 2025.

Chart via TradingView

The Bitcoin rally was fueled by Strategy’s US$1.42 billion Bitcoin purchase and a broader US$3.5 billion accumulation by large holders, indicating institutional interest remains strong.

Ethereum (ETH) ended the day at US$1,809.25, a one percent decrease over the past 24 hours. The cryptocurrency reached an intraday low of US$1,760.54 and a high of US$1,821.94.

Altcoin price update

  • Solana (SOL) ended the day valued at US$151.52, down 1.1 percent over 24 hours. SOL experienced a low of US$145.12 and peaked at $152.91.
  • XRP traded at US$2.33, reflecting a 2.9 percent increase over 24 hours. The cryptocurrency recorded an intraday low of US$2.22 and reached its highest point at US$2.34.
  • Sui (SUI), this week’s outperformer, was priced at US$3.69, showing an increaseof 1.7 percent over the past 24 hours. It achieved a daily low of US$3.42 and a high of US$3.85.
  • Cardano (ADA) was trading at US$0.7234, up 1.2 percent over the past 24 hours. Its lowest price on Monday was US$0.685, with a high of US$0.7270.

Today’s crypto news to know

Strategy stacks US$1.42 billion in Bitcoin as price soars past US$90,000

Bitcoin bull Michael Saylor’s firm, Strategy, added another 15,355 BTC to its holdings last week, spending roughly US$1.42 billion between April 21 and 27 as Bitcoin surged past the US$90,000 mark.

According to Strategy’s April 28 filing with the US Securities and Exchange Commission, the purchase was made at an average price of US$92,737 per Bitcoin, bringing the company’s total haul to a staggering 553,555 BTC — now valued at more than US$50 billion.

The move marks Strategy’s largest Bitcoin acquisition since late March and reflects the firm’s aggressive accumulation strategy despite growing market volatility.

On social media, Saylor celebrated the purchase, noting that Strategy’s Bitcoin yield now sits at 13.7 percent year-to-date, and reaffirmed his belief that Bitcoin remains massively undervalued despite its recent rally.

With the company’s market cap pushing toward US$100 billion and Bitcoin trading around US$95,000, Strategy’s latest moves signal continued institutional confidence in Bitcoin as a core asset class.

Grayscale pushes SEC to approve Ethereum ETF staking

Grayscale Investments is renewing its pressure on the US Securities and Exchange Commission (SEC) to allow staking activities for Ethereum ETFs, highlighting that restrictive rules have already cost American funds more than US$61 million in foregone rewards.

In a high-level meeting with the SEC’s Crypto Task Force, Grayscale executives presented a proposal to amend existing Ethereum ETF filings to permit staking, emphasizing the competitive disadvantage US funds now face compared to their European and Canadian counterparts.

Grayscale argued that staking would not only enhance investor returns but also contribute to Ethereum network security, supporting a more resilient decentralized infrastructure.

The company also laid out a liquidity management plan to address concerns about redemption risks, including credit facilities and liquidity sleeves with custodians like Coinbase Custody.

SEC’s Hester Peirce likens US crypto regulation to ‘floor is lava,’ demands real reforms

SEC Commissioner Hester Peirce delivered a blistering critique of the United States’ crypto regulatory framework, comparing it to the children’s game ‘floor is lava,’ where firms are forced to hop precariously across unclear legal guidelines to avoid regulatory pitfalls.

Speaking at the SEC’s “Know Your Custodian” roundtable on April 25, Peirce criticized the lack of coherent, actionable rules for investment advisers, custodians, and exchanges dealing with crypto assets.

She stressed that without clear definitions around securities classifications and custodial qualifications, the industry is being paralyzed by uncertainty, stifling innovation and deterring responsible market participants.

Fellow commissioner Mark Uyeda reinforced Peirce’s warnings, urging the SEC to expand custodial options by recognizing state-chartered trust companies, a move he said is essential to the healthy development of crypto trading platforms and alternative trading systems.

Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.

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This post appeared first on investingnews.com

“60 Minutes” correspondent Scott Pelley paid tribute Sunday to Bill Owens, the show’s executive producer who resigned last week, saying on the air that “none of us is happy” about the extra supervision that corporate leaders are imposing.

Pelley made his comments at the end of the evening’s CBS News telecast, saying that in quitting, Owens proved he was the right person for the job.

“It was hard on him and it was hard on us,” Pelley said. “But he did it for us — and you.”

His on-air statement was an unusual peek behind the scenes at the sort of inner turmoil that viewers seldom get the opportunity to see.

Owens, only the third top executive in the 57-year history of television’s most influential newscast, resigned last week, saying he no longer felt he had the independence to run the program as he had in the past, and felt necessary.

CBS News’ parent company, Paramount Global, is in the midst of a merger with Skydance Media that needs the approval of the Trump administration. Trump has sued “60 Minutes” for $20 billion, saying it unfairly edited a Kamala Harris interview last fall to her advantage. Owens and others at “60 Minutes” believe they did nothing wrong and have opposed a settlement.

As a result, Pelley explained to viewers on Sunday, Paramount has begun to supervise “60 Minutes” stories in new ways. Former CBS News President Susan Zirinsky, a longtime news producer, has reportedly been asked to look at the show’s stories before they air.

“None of our stories has been blocked,” Pelley said. “But Bill felt he lost the independence that honest journalism requires. No one here is happy about it. But in resigning, Bill proved he was the right person to lead ‘60 Minutes’ all along.”

Despite this, “60 Minutes” has done tough stories about the Trump administration almost every week since the inauguration in January, many of them reported by Pelley. On Sunday, “60 Minutes” correspondent Sharyn Alfonsi had the latest, interviewing scientists about cutbacks at the National Institutes for Health.

Trump was particularly angered by the show’s telecast two weeks ago, saying on social media that CBS News should “pay a big price” for going after him.

This post appeared first on NBC NEWS

More than two-thirds of Reserve and Guard troops are overweight, a potential threat to readiness and their ability to deploy at a moment’s notice, a new report by the American Security Project (ASP) found. 

Some 68% of the nation’s reserve forces are overweight, ASP researchers estimate. 

‘With the diminished size of the [active-duty] force and increasing demands on the National Guard and reserves, service members separated due to obesity and its comorbidities are vital personnel the Armed Forces cannot afford to lose,’ researchers concluded in the report.

The study calls for new policies to ensure troops’ health and better access to obesity-related healthcare. 

‘Completely unacceptable. This is what happens when standards are IGNORED — and this is what we are changing. REAL fitness & weight standards are here. We will be FIT, not FAT,’ Defense Secretary Pete Hegseth declared in a post on X. 

An ASP report from October 2023 found that two-thirds of active duty service members fell into the overweight to obese category based on body mass index. 

‘These service members experience heightened risk for a wide variety of serious health conditions, such as type 2 diabetes, cardiovascular disease, chronic kidney disease, and osteoarthritis, which may lead to life-threatening health events such as stroke and heart failure,’ the report warned. 

Past studies from ASP have found a similar rate of obesity among active duty forces, based on the controversial BMI scale that does not account for muscle mass. 

However, the report warned, for reserve forces who hold day jobs and often live far away from military bases, ​’commanders and policy makers will not be able to combat these trends with a uniform approach.’

The report recommended further tracking and research of obesity rates within reserve forces, noting the Defense Department’s most recent data is from 2018.

Hegseth launched a review of grooming and physical fitness standards last month after voicing concerns that fitness standards have eroded and questioning whether mismatched standards for men and women are affecting readiness. 

It directed the undersecretary of Defense for Personnel and Readiness to look at ‘existing standards set by the Military Departments pertaining to physical fitness, body composition, and grooming, which includes but is not limited to beards.’

The memo also called for a review to examine how standards have changed since 2015. 

The service branches began making accommodations for recruits who do not meet physical fitness standards in recent years as a way to address the recruiting crisis. The Army and Navy offered pre-boot camp training for those who did not meet physical fitness or testing scores. However, those recruits had to meet the same standards in order to graduate from training courses and serve. 

‘When I was in the Army, we kicked out good soldiers for having naked women tattooed on their arms, and today we are relaxing the standards on shaving, dreadlocks, man buns, and straight-up obesity,’ Hegseth wrote in his book ‘The War on Warriors.’

This post appeared first on FOX NEWS

The Trump administration sanctioned three vessels and their owners for providing support to the Houthis – the Iranian regime’s network of terrorist proxies and partners, Fox News Digital has learned. 

The Treasury Department’s Office of Foreign Assets Control announced the sanctions Monday, following the Houthis’ efforts to deploy missiles, unmanned aerial vehicles and naval mines to attack commercial shipping interests in the Red Sea – activities that ‘threaten global freedom of navigation and the integrity of international commerce.’ 

‘Today’s action underscores our commitment to disrupt the Houthis’ efforts to fund their dangerous and destabilizing attacks in the region,’ Treasury Deputy Secretary Michael Faulkender said Monday, adding that the department will ‘continue to leverage’ its tools and authorities ‘to target those who seek to enable the Houthis’ ability to exploit the people of Yemen and continue their campaign of violence.’ 

The State Department designated the Houthis as a specially designated global terrorist in February 2024 and redesignated the group as a foreign terrorist organization in March. 

‘Providing material support to the Houthis not only carries acute sanctions risk, but also exposes vessels and crew members to serious safety risk from potential Houthi attacks,’ a Treasury Department official told Fox News Digital. 

A Treasury official told Fox News Digital that the Houthis control the strategic Yemen Red Sea ports of Hudaydah, Ras Isa and Al-Salif, and are funneling millions of dollars derived from port revenues and the seizure of refined petroleum products to fund a ‘reckless attack campaign against U.S. interests and those of our allies in the region.’ 

The official said the group sells refined petroleum products at ‘exorbitant prices’ on Yemen’s black market, which enables the Houthi operatives to ‘purchase military materials, create an artificial shortage of essential goods for average Yemenis, and fuels rampant corruption among Houthi leaders.’ 

Marshall Islands-registered Zaas Shipping & Trading Co. used one of the vessels targeted, the Tulip BZ, to facilitate the delivery of liquid petroleum gas to the Houthi-controlled port of Ras Isa, the Treasury said. It also has been used to transport petroleum products on behalf of Iran. 

Mauritius-registered Bagsak Shipping Inc. is also targeted, and facilitated the delivery of gas oil to Ras Isa using the Panama-flagged vessel, the Maisan. The Maisan also has been involved in the export of Russian crude oil and petroleum products from Russian ports since February 2023, according to a Treasury official. 

And Marshall Islands-registered Great Success Shipping Co. facilitated the delivery of gas oil to Ras Isa using the Panama-flagged vessel, the White Whale. 

The move comes after President Donald Trump officially informed Congress in March that he had directed the Department of Defense to move additional combat forces into the Middle East, as U.S. forces carry out military strikes against Houthi militants in Yemen. Those strikes have been conducted in an effort to stop attacks on American forces and commercial ships in the Red Sea.

‘I will no longer allow this band of pirates to threaten and attack United States forces and commercial vessels in one of the most important shipping lanes in the world,’ Trump wrote March 28. ‘We will act to keep Americans safe.’

He said the U.S. will continue striking until the group no longer poses a threat to navigation or U.S. personnel.

The strikes have been from Navy ships, Air Force bombers and drones targeting Houthi weapons, leadership and command centers. 

The airstrikes began after renewed Houthi threats against Israeli ships and attacks on U.S. forces, including seven Reaper drones brought down since March 3.

The Houthis began ramping up attacks in the Red Sea after the October 2023 Hamas terror attack on Israel. They’ve claimed responsibility for targeting U.S. warships and have so far avoided hitting Chinese and Saudi ships, raising questions among defense officials about their strategic aims. 

Earlier in April, the Trump administration sanctioned the International Bank of Yemen Y.S.C. (IBY) for its financial support of Houthi terrorists.

Fox News’ Greg Wehner, Jasmine Baehr, Brie Stimson, Caitlin McFall and Liz Friedan contributed to this report.

This post appeared first on FOX NEWS

President Donald Trump made history during his first 100 days in office, surpassing former President Franklin Delano Roosevelt’s record for the number of executive orders issued during that same window. 

To date, Trump has signed more than 135 executive orders during his first 100 days in office during his second term — up from the 33 he signed during the first 100 days of his first term, and up from the 99 Roosevelt signed during that period too. 

The slew of executive orders indicates a shift in power away from the legislative branches and also indicates that Trump has a clear set of priorities he wants to accomplish during this term, according to experts. 

Trump’s approach signals that power has been diverted away from Congress and that the executive branch is assuming increased lawmaking authority — a trend that will likely continue into future administrations, James Broughel, a senior fellow at the regulatory reform-focused Competitive Enterprise Institute, told Fox News Digital. 

 

‘So much of the power in the federal government is now housed in the executive branch, and so this is really a sign that the president can implement a very vast and sweeping agenda through executive actions,’ Broughel said. ‘And so I would expect future presidents to probably follow Trump’s lead on this.’ 

These first 100 days are critical to setting the president’s agenda and driving media coverage of these initiatives — and that becomes more and more challenging as the term progresses, Broughel said. 

‘These initial directions coming early are very important, because you’ll run out of time in your presidency if they’re not, if it’s not set out early,’ Broughel said. 

Additionally, the Trump administration has advanced this plethora of executive orders because it had four years out of office to prepare and plan administrative priorities, according to Thomas Berry, the director of the libertarian think tank Cato Institute’s Center for Constitutional Studies. 

Berry said it is evident that the Trump administration has thought about what issues it wanted to target in the executive orders for a long time and that many of them are focused on dismantling hurdles he faced during his first term. That includes executive orders that ease restrictions on firing federal employees, Berry said. 

 

‘It seems clear that a lot of these executive orders are really aimed at trying to push past what they viewed as the obstacles to his agenda in his first administration,’ Berry said. 

‘The weakness of executive orders is they can simply be reversed by the subsequent president. It’s not set in stone in statute,’ Berry said. ‘The one possible exception for that is if you weaken an agency so much that it’s hard for it to be built back up under the next administration.’

For example, Berry said that massive staff reductions at agencies like the United States Agency for International Development could take several administrations to replenish. The Trump administration unveiled plans in March to cut thousands of staffers at the agency — which historically has functioned as an independent agency that works to deliver aid to impoverished countries and development assistance — and move its remaining functions to the State Department. 

Likewise, Trump signed an executive order in March to dismantle the Education Department and said that functions of the agency that oversee student loans and financial aid would move to separate agencies. 

Berry said the onslaught of executive orders is placing strain on the judicial branch, as there have been more than 150 lawsuits filed challenging Trump’s executive orders. Among these cases are high-profile ones, including ending birthright citizenship and banning transgender individuals from serving in the military, which are temporarily blocked. 

 

‘It’s making it hard for the judicial branch to keep up,’ Berry said. ‘It’s taxing courts to the limit, and it’s forcing courts to act fast, and the judicial branch doesn’t act as functionally when it’s forced to act really fast.’

‘To some extent, it’s a self-fulfilling prophecy when Trump complains about judges ruling without much law or deliberation,’ Berry said. ‘It’s because the administration is kind of forcing them to by taking all these actions with immediate effect and not doing the normal time for deliberation.’

Berry anticipates that the pace of the executive orders will slow in the near future though since the majority of the ones that emerged during the first 100 days appeared to be pre-planned. 

‘They will, they will run out, I expect, certainly by the end of his first year, if not in the next few months, and then any remaining ones would be reactive,’ Berry said. 

This post appeared first on FOX NEWS

Sen. Cory Booker, D-N.J., and House Minority Leader Hakeem Jeffries, D-N.Y., staged a sit-in on the steps of the U.S. Capitol on Sunday, taking a ‘moral moment’ to reject President Donald Trump’s agenda as Congress returns to Washington to negotiate the ‘big, beautiful bill.’

On the final day of the two-week congressional recess, Booker and Jeffries discussed their relationship with faith, invited Americans to share their experience of Trump’s first 100 days and sounded off on ‘what’s at stake with Trump’s budget.’ The sit-in’s hours-long livestream had amassed hundreds of thousands of views on X and YouTube.

Instead of church on Sunday, the Democratic leaders opted for a ‘sacred civic space’ outside the Capitol for more than 12 hours. Activists and politicians joined the Democrats throughout the day, including American Federation of Teachers President Randi Weingarten, Sen. Amy Klobuchar, D-Minn., and Sen. Raphael Warnock, D-Ga.

‘This is how we will stop cuts to Medicaid, this is how we will stop Trump and congressional Republicans’ devastating agenda, this is how we will rise,’ Booker said on X at the end of the sit-in. 

Democrats have been warning Americans about Trump’s ambitious budget bill since he was elected in November, claiming his budget cuts will threaten funding for entitlement programs like Social Security, Medicaid and Medicare. The Trump administration has maintained that no cuts will be made to those services, despite the anticipated $1.5 trillion in spending reductions and extension of Trump’s 2017 tax cuts. 

As Congress returns to session this week, committees begin mark-ups on the budget framework passed by both the House and Senate before recess, with plans to finalize legislation by Memorial Day.

Trump added pressure to the negotiations on Sunday, posting on Truth Social that it is a crucial week for the budget bill, ‘which will contain Massive Tax Cuts, Strong Border Security Measures, Major Military Advancements, Dramatic Deregulation, Powerful Spending Reforms, and more!’

‘IT MUST BE DONE. We will unleash Economic Prosperity, and accelerate into the Golden Age of America,’ Trump said of his ‘big, beautiful bill.’

However, Democrats have a drastically different depiction of Trump’s vision for the country, and the 12-hour livestream on the Capitol steps covered their laundry list of concerns – everything from Department of Education cuts, Planned Parenthood funding and protecting Supplemental Nutrition Assistance Program benefits. 

‘This is a moment of moral urgency. We are in this moment where Congress is going to come back tomorrow from a two-week recess, and the Republican leaders on your side of the Capitol are saying that they’re going to force a bill through. They want to get it done during this work period and back over to the Senate to be voted on and put on the president’s desk,’ Booker said to Jeffries. 

‘This bill, we believe, presents one of the greatest moral threats to our country that we’ve seen in terms of what it will do to providing food for the hungry, care for the elderly, services for the disabled, health care for the sick,’ he added. 

Booker said the goal of the protest was to ‘center the stories of people who will be affected by this bill that will cut Medicaid so savagely and so many other things, to give tax cuts to the wealthiest Americans.’

Booker, who celebrated his 56th birthday on Sunday, has been mocked by critics for similar stunts rejecting Trump’s second-term agenda. The New Jersey senator broke the record for the longest-ever speech on the Senate floor last month, speaking out against Trump’s executive orders, tax cuts and Elon Musk’s Department of Government Efficiency for 25 hours. 

He also joined his Democratic colleagues ahead of Trump’s joint address to Congress earlier this year in a social media campaign with identical scripts describing ‘S— That Ain’t True’ about the Trump administration. 

Sen. Bernie Sanders, I-Vt., who has drawn tens of thousands of supporters to his ‘Fighting Oligarchy’ tour rallies across the United States, told NBC on Sunday that ‘what Democrats lack right now is a vision for the future,’ as the party struggles to find a consistent message and clear party leader in the aftermath of big November losses. 

Booker’s office did not respond to Fox News Digital’s request for comment by deadline. 

This post appeared first on FOX NEWS

A Republican congresswoman from Iowa in a swing district has picked up an endorsement from a group working to elect more GOP women. 

Rep. Mariannette Miller-Meeks, R-Iowa, was among a group of candidates in the House and Senate to receive first-round 2026 endorsements by Winning for Women PAC, which works to support free-market conservative women running for federal office. Cook Political Report – the leading nonpartisan handicapper – rates Miller-Meeks’ district as a ‘Toss Up’ in 2026. 

Miller-Meeks won her 2024 re-election bid in November after a recount confirmed her lead, helping her party pad its thin majority in the U.S. House and retain control of all four of Iowa’s congressional seats. She defeated Democrat Christina Bohannan in a rematch of 2022, when Miller-Meeks won by 7 percentage points. The 2024 margin was much tighter – Miller-Meeks’ lead over Bohannan was less than a percentage point, or fewer than 1,000 votes, according to the Associated Press. 

Miller-Meeks earned a first term in Congress representing Iowa’s 2nd District when she defeated Democrat Rita Hart by just six votes in 2020. 

She currently represents the 1st District, which includes the eastern part of the state and a swath of south-central Iowa, including Johnson County, home to the University of Iowa in Iowa City.

Winning for Women PAC on Monday also endorsed Reps. Young Kim R-Calif., and Jen Kiggans, R-Va., in the House, as well as Sens. Ashley Moody, R-Fla., Joni Ernst, R-Iowa, and Susan Collins, R-Maine, in the upper chamber. Kim and Kiggans’ districts both ‘Lean Republican’ in 2026, according to Cook Political Report. Moody and Ernst are both in ‘Solid R’ seats, while Collins’ district ‘Leans R’ in the 2026 contest.

‘Early financial support is critical, particularly in close races,’ Danielle Barrow, the president of the Winning for Women PAC, said in a statement obtained by The Hill. ‘Given Republicans’ narrow control of Congress, we are announcing our initial endorsements earlier than ever before to ensure we hold and expand our majorities. We look forward to endorsing more strong women leaders in Congress in the coming weeks.’

The House currently has 31 Republican women members, while the Senate has just 10. Winning for Women PAC has spent more than $20 million since 2020 on boosting Republican female candidates in competitive primaries and general elections.

The Associated Press contributed to this report.

This post appeared first on FOX NEWS

/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE U.S./

Source Rock Royalties Ltd. (‘Source Rock’) (TSXV: SRR), a pure-play oil and gas royalty company with an established portfolio of oil focused royalties, announces results for the three-month period and year ended December 31, 2024.

Source Rock Logo (CNW Group/Source Rock Royalties Ltd.)

Annual Highlights:

  • Record annual royalty production of 251 boe/d (95% oil and NGLs), an increase of 21% over 2023.
  • Record annual royalty revenue of $7,689,586 , an increase of 16% over 2023.
  • Record annual Adjusted EBITDA (2) of $6,816,173 ( $0.15 per share), an increase of 18% (16% per share) over 2023.
  • Record annual funds from operations (2) of $5,994,371 ( $0.13 per share), an increase of 6% (5% per share) over 2023.
  • Declared $3,473,939 in dividends ( $0.0765 per share), resulting in a payout ratio (2) of 58%.
  • Achieved an operating netback (2) of $74.20 per boe and a corporate netback (2) of $65.25 per boe.
  • 43 gross new horizontal wells began producing on royalty lands in S.E. Saskatchewan (20), central Alberta (18), west-central Saskatchewan (3), east-central Alberta (1) and Manitoba (1).
  • Working capital of $4,860,362 ( $0.105 per share) as at December 31, 2024 .

Fourth Quarter Highlights:

  • Quarterly royalty production of 256 boe/d (97% oil and NGLs), an increase of 17% over Q4 2023.
  • Quarterly royalty revenue of $1,871,245 , an increase of 9% over Q4 2023.
  • Quarterly Adjusted EBITDA (2) of $1,709,057 ( $0.038 per share), an increase of 12% over Q4 2023.
  • Quarterly funds from operations (2) of $1,511,958 ( $0.033 per share), a decrease of 9% (11% per share) over Q4 2023.
  • Declared three monthly dividends of $0.0065 per share, resulting in a payout ratio (2) of 59%.
  • Achieved an operating netback (2) of $72.57 per boe and a corporate netback (2) of $64.20 per boe.

2024 Reserves Information

Source Rock’s reserves data and other oil and natural gas information, as required under National Instrument 51-101, is available on SEDAR+ at www.sedarplus.ca .

Financial and Operational Results

Three Months Ended December 31,

Year Ended December 31,

FINANCIAL ($, except as noted)

2024

2023

Change

2024

2023

Change

Royalty revenue

1,871,245

1,720,264 (1)

9 %

7,689,586

6,646,326 (1)

16 %

Adjusted EBITDA (2)

1,709,057

1,525,386

12 %

6,816,173

5,793,204

18 %

Per share (basic)

0.038

0.034

12 %

0.15

0.129

16 %

Funds from operations (2)

1,511,958

1,663,376

-9 %

5,994,371

5,653,618

6 %

Per share (basic)

0.033

0.037

-11 %

0.132

0.126

5 %

Total comprehensive income (loss)

501,915

382,367

31 %

1,495,319

1,566,310

-5 %

Per share (basic)

0.011

0.008

38 %

0.033

0.035

-6 %

Per share (diluted)

0.01

0.008

25 %

0.031

0.034

-9 %

Dividends declared

888,863

812,850

9 %

3,473,939

2,968,990

17 %

Per share

0.0195

0.018

8 %

0.0765

0.066

16 %

Payout ratio (2)

59 %

49 %

20 %

58 %

53 %

9 %

Cash and cash equivalents

4,635,727

1,462,040

217 %

4,635,727

1,462,040

217 %

Per share (basic)

0.10

0.03

214 %

0.10

0.03

215 %

Average shares outstanding (basic)

45,582,727

45,139,091

1 %

45,386,449

45,022,140

1 %

Shares outstanding (end of period)

45,582,727

45,231,645

1 %

45,582,727

45,231,645

1 %

OPERATING

Average daily production (boe/d)

256

218 (3)

17 %

251

208 (3)

21 %

Percentage oil & NGLs

97 %

94 %

3 %

95 %

93 %

2 %

Average price realizations ($/boe)

79.45

85.86

-7 %

83.58

87.54

-5 %

Operating netback (2) ($/boe)

72.57

76.06

-5 %

74.20

76.30

-3 %

Corporate netback (2) ($/boe)

64.20

82.94

-23 %

65.25

74.47

-12 %

(1)

Source Rock also benefited from $211,892 (Q4 2023) and $373,437 (fiscal 2023) of sales proceeds from royalty production that occurred after the effective date but prior to the closing date of acquisitions. These proceeds were accounted for as a reduction to the purchase price of the acquisitions.

(2)

This is a non-GAAP financial measure or non-GAAP ratio. Refer to the disclosure under the heading ‘Non-GAAP Financial Measures & Ratios’ for more information on each non-GAAP financial measure or ratio.

(3)

Source Rock also benefited from 29 boe/d (100% oil & NGLs) for Q4 2023 and 12 boe/d (100% oil & NGLs) for fiscal 2023, of royalty production that occurred after the effective date but prior to the closing date of acquisitions.

About Source Rock Royalties Ltd.

Source Rock is a pure-play oil and gas royalty company with an existing, oil focused portfolio of royalty interests concentrated in southeast Saskatchewan , central Alberta and west-central Saskatchewan . Source Rock targets a balanced growth and yield business model, using funds from operations to pursue accretive royalty acquisitions and to pay dividends. By leveraging its niche industry relationships, Source Rock identifies and acquires both existing royalty interests and newly created royalties through collaboration with industry partners. Source Rock’s strategy is premised on maintaining a low-cost corporate structure and achieving a sustainable and scalable business, measured by growing funds from operations per share and maintaining a strong netback on its royalty production.

Forward-Looking Statements

This news release includes forward-looking statements and forward-looking information within the meaning of Canadian securities laws. Often, but not always, forward-looking information can be identified by the use of words such as ‘plans’, ‘is expected’, ‘expects’, ‘scheduled’, ‘intends’, ‘contemplates’, ‘anticipates’, ‘believes’, ‘proposes’ or variations (including negative and grammatical variations) of such words and phrases, or state that certain actions, events or results ‘may’, ‘could’, ‘would’, ‘might’ or ‘will’ be taken, occur or be achieved. Forward-looking statements in this news release include statements regarding Source Rock’s dividend strategy and the amount and timing of future dividends (and the sustainability thereof), the potential for future drilling on Source Rock’s royalty lands, expectations regarding commodity prices, Source Rock’s growth strategy and expectations with respect to future royalty acquisition and partnership opportunities, and the ability to complete such acquisitions and establish such partnerships. Such statements and information are based on the current expectations of Source Rock’s management and are based on assumptions and subject to risks and uncertainties. Although Source Rock’s management believes that the assumptions underlying these statements and information are reasonable, they may prove to be incorrect. The forward-looking events and circumstances discussed in this news release may not occur by certain dates or at all and could differ materially as a result of known and unknown risk factors and uncertainties affecting Source Rock. Although Source Rock has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements and information, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. No forward-looking statement or information can be guaranteed. Except as required by applicable securities laws, forward-looking statements and information speak only as of the date on which they are made and Source Rock undertakes no obligation to publicly update or revise any forward-looking statement or information, whether as a result of new information, future events or otherwise.

Non-GAAP Financial Measures & Ratios

This news release uses the terms ‘funds from operations’ and ‘Adjusted EBITDA’ which are non-GAAP financial measures and the terms ‘payout ratio’, ‘operating netback’ and ‘corporate netback’ which are non-GAAP ratios. These financial measures and ratios do not have   a standardized prescribed meaning under GAAP and these measures and ratios may not be comparable with the calculation of similar measures disclosed by other entities.

‘Adjusted EBITDA’ is used by management to analyze the Corporation’s profitability based on the Corporation’s principal business activities prior to how these activities are financed, how assets are depreciated, amortized and impaired, and how the results are taxed. Additionally, amounts are removed relating to share-based compensation expense, the sale of assets, fair value adjustments on financial assets and liabilities, other non-cash items and certain non-standard expenses, as the Corporation does not deem these to relate to the performance of its principal business. Adjusted EBITDA is not intended to represent net profit (or loss) as calculated in accordance with IFRS.

The most directly comparable GAAP financial measure to funds from operations is cash flow from operating activities. ‘Funds from operations’ is defined as cash flow from operating activities before the change in non-cash working capital. Source Rock believes the timing of collection, payment or incurrence of these non-cash items involves a high degree of discretion and as such may not be useful for evaluating Source Rock’s operating performance. Source Rock considers funds from operations to be a key measure of operating performance as it demonstrates Source Rock’s ability to generate funds to fund operations, acquisition opportunities, dividend payments and debt repayments, if applicable. Funds from operations should not be construed as an alternative to income or cash flow from operating activities determined in accordance with GAAP as an indication of Source Rock’s performance.

‘Corporate netback’ is calculated as funds from operations divided by cumulative production volumes for the period. Corporate netback is used by Source Rock to better analyze the financial performance of its royalties against prior periods and to assess the cost efficiency of its overall corporate platform as it relates to production volumes. There is no standardized meaning for ‘corporate netback’ and this metric as used by Source Rock may not be comparable with the calculation of similar metrics disclosed by other entities, and therefore should not be used to make comparisons.

‘Operating netback’ represents the cash margin for products sold. Operating netback is calculated as revenue minus cash administrative expenses divided by cumulative production volumes for the period. Operating netback is used by Source Rock to assess the cash generating and operating performance of its royalties against prior periods and to assess the costs efficiency of its operating platform as it relates to production volumes. There is no standardized meaning for ‘operating netback’ and this metric as used by Source Rock may not be comparable with the calculation of similar metrics disclosed by other entities, and therefore should not be used to make comparisons.

‘Payout ratio’ is calculated as the aggregate of cash dividends declared in a period divided by funds from operations realized in such period. Source Rock considers payout ratio to be a key measure to assess Source Rock’s ability to fund operations, acquisition opportunities, dividend payments, cash taxes and debt repayments, if applicable.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy of this release.

SOURCE Source Rock Royalties Ltd.

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